HTG Molecular Diagnostics (NASDAQ:HTGM) announced its quarterly earnings results on Thursday. The medical research company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.01, Morningstar.com reports. The business had revenue of $4.71 million during the quarter, compared to analysts’ expectations of $5.14 million. HTG Molecular Diagnostics had a negative return on equity of 132.67% and a negative net margin of 81.10%. HTG Molecular Diagnostics updated its FY 2018 guidance to EPS.
HTGM traded down $0.49 on Friday, hitting $3.65. The company had a trading volume of 610,059 shares, compared to its average volume of 382,269. HTG Molecular Diagnostics has a 1-year low of $1.71 and a 1-year high of $5.83. The company has a debt-to-equity ratio of 0.35, a quick ratio of 9.29 and a current ratio of 9.50. The firm has a market cap of $118.23 million, a P/E ratio of -2.04 and a beta of 2.03.
Several brokerages recently commented on HTGM. Cantor Fitzgerald reissued a “buy” rating and issued a $7.00 price target on shares of HTG Molecular Diagnostics in a research note on Friday. HC Wainwright set a $7.00 price target on HTG Molecular Diagnostics and gave the company a “buy” rating in a research note on Wednesday, October 24th. ValuEngine cut HTG Molecular Diagnostics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Zacks Investment Research cut HTG Molecular Diagnostics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. HTG Molecular Diagnostics presently has an average rating of “Buy” and a consensus price target of $6.25.
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HTG Molecular Diagnostics Company Profile
HTG Molecular Diagnostics, Inc develops and markets products and services based on proprietary technology that facilitates the routine use of targeted molecular profiling. The company offers instrumentation (or platforms); consumables comprising assay kits; and software analytics that automate sample processing and profiles various molecular targets.
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